CodeRyte, Inc., continues dynamic market gains

New clients in Q3 include hospitals, physician practices and expansion into pathology

Bethesda, Md., Oct. 30, 2007—CodeRyte, Inc., the healthcare industry’s premier provider of computer-assisted coding and clinical data extraction technologies, maintained its solid growth trend in the third quarter of 2007 with new clients in all of its market segments. The new clients will use CodeRyte’s natural language processing technology and Web-enabled workflow software to maximize appropriate reimbursement, reduce denials, decrease outstanding account receivables and improve the efficiency of their coding organizations.

“CodeRyte’s user base of 2,000 physicians, and growing, is proof positive that the market wants accurate coding,” said Andy Kapit, CodeRyte chief executive office and leader of the company’s nearly 100-person staff. “Our growth reinforces the importance the market places on accurate coding and customizable workflow to drive higher quality care, better outcomes and context sensitive search capabilities.”

CodeRyte’s third quarter growth stemmed from expanding relationships with existing clients and the addition of new clients throughout the physician practice, hospital and medical billing company market segments. New clients for the quarter include:

• Pathology Business Services, a Torrance, Calif., company offering a wide range of business and practice support services for pathology practices of all sizes. Pathology Business Services provides billing, consultation, practice management, contract analysis and negotiation. 

• Via Radiology, a team of 12 board-certified radiologists and a dedicated staff committed to providing the highest quality of diagnostic imaging and image-guided therapy in Seattle and the Puget Sound Region. Via Radiology merges advanced technology, uncompromising professional standards and a patient-focused approach to provide safe, accurate and appropriate care.

• Stony Brook University Medical Center’s department of radiology, in Stony Brook, N.Y. The academic medical center’s radiologists, serving affiliated community hospital Peconic Bay Medical Center, will use CodeRyte to code all of their procedures at the affiliated institution.

“Via did considerable research to find the best compliance and coding product available at a reasonable cost,” said Steve Schreiber, Via Radiology chief operating officer. “We look forward to working with CodeRyte to help us improve the efficiency of coding. We believe that working with CodeRyte will also help decrease our AR through reduction of insurance denials.”

“We selected CodeRyte as our computer-assisted coding partner because of its proven ability to maximize coding resources, increase productivity and enhance compliance,” said Renee Cannon, executive director for Pathology Business Services.

For more information, visit www.coderyte.com or call 301.951.5300.

About CodeRyte

CodeRyte is the premier provider of computer-assisted coding solutions for the healthcare industry. Our sophisticated technology automates healthcare coding, culling accurate billing codes from medical reports, extracting key clinical information and streamlining the coding process. CodeRyte clients maximize appropriate reimbursement, enhance compliance and efficiency, while decreasing denials and accounts receivable. Many of the nation’s top physician practices, billing companies and academic medical centers rely on CodeRyte as the centerpiece of their coding operations.  

CodeRyte: Sophisticated technology. Superior compliance. Satisfied clients. 

Media contact:
Lindsey Henry Moss    
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301.951.5317